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The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
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This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...
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manufacturing sector to decompose total factor productivity growth into technical efficiency change and technical progress for … industries and firm sizes, leading to total factor productivity growth. The analysis identifies the industries and firm sizes … that lag the most in productivity, and thus have the greatest scope for policies that facilitate productivity growth. …
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